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  TAX - A to HHELP, HECS & Student SupportHELP & HECS      Tuesday, 27 July 2021  

Testimonials

   

HELP/HECS


* Please click on maximise [+], not the titles, to display the contents of any hidden containers * 
 

   
Discounts on upfront and voluntary contributions
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Delayed Repayment
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HELP/HECS/SFSS Indexation Rates
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2021/2022 – Compulsory Repayments
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On 1 January 2005, Higher Education Loan Program (HELP) replaced Higher Education Contribution Scheme (HECS).  Existing HECS debts have been rolled over into HELP.  The same rules for compulsory repayments under HECS apply for HELP debts.

HECS-HELP - SFSS rate 2021-2022

Help repayment income

Repayment rate

Below $47,014

Nil

$47,014 - $54,282

1.0% of HRI

$54,283 - $57,539

2.0% of HRI

$57,540 - $60,992

2.5% of HRI

$60,993 - $64,651

3.0% of HRI

$64,652 - $68,530

3.5% of HRI

$68,531 - $72,642

4.0% of HRI

$72,643 - $77,001

4.5% of HRI

$77,002 - $81,621

5.0% of HRI

$81,622 - $86,519

5.5% of HRI

$86,520 - $91,710

6.0% of HRI

$91,711 - $97,213

6.5% of HRI

$97,214 - $103,045

7.0% of HRI

$103,046 - $109,227

7.5% of HRI

$109,228 - $115,679

8.0% of HRI

$115,680 - $122,729

8.5% of HRI

$122,730 - $130,092

9.0% of HRI

$130,093 - $137,897

9.5% of HRI

$137,898 and above

10.0% of HRI


From 1 July 2009 *HRI is the sum of taxable income plus any total net investment loss, (which includes net rental losses), total reportable fringe benefits amounts, reportable super contributions and exempt foreign employment income.

An exemption applies for taxpayers whose family income is below the Medicare Levy upper threshold.


   
2020/2021 - Compulsory Repayments
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2019/2020 - Compulsory Repayments
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2018/2019 – Compulsory Repayments
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2017/2018 – Compulsory Repayments
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2016/2017 – Compulsory Repayments
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2015/2016 - Compulsory Repayments
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2014/2015 – Compulsory Repayments
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2004/2005 - 2013/2014 - Compulsory Repayments
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1988/1989 - 2003/2004 - Compulsory Repayments
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This page was last edited on 24 May 2021

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